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. and there are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from house speaker john boehner's press secretary. discussions with the white house are taking place, but we have no detail to share about the substances of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. obviously, the president is saying he is waiting as well, soledad. waiting for re
's governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom: there wasn't much obvious ground given today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. th time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> it'
was one of six governors meeting with president obama today to talk about how the fiscal cliff impacts their states. i asked him what was his message to the president. >> our message was pretty straightforward. we believe that it is important that governors have a seat at the table as the president and leaders in congress are negotiating issues around the fiscal cliff. we think it is really important that they get something done because, obviously, if tax rates go up on middle-class americans come next month, it will be bad for those middle-class americans, it is will be bad for our states, and we're concerned about both the fiscal side and the economic growth side. >> susie: so talk to us a little bit about what kind of deal you would like to see. what were you proposing to the president? >> let's put it this way, if money is just shifted from the federal government to the states, that's not really saving anything. and the president understands that. we think it is really important. recognizing if there are cuts in funds, there ought to be a corresponding reduction in some of the requ
, beyond six months, that we are talking about with the fiscal cliff talks. host: that is what might be cut? guest: that is what automatically expires. president obama said as part of the deal i want to make, those benefits should continue. republicans have not taken a firm stand, but we have seen in the past that obama has had it a deal on taxes to get the benefits extended. host: what specific benefits to these programs provide? guest: usually some kind of cash benefit, help you search for a job. it is about $300 per week. sometimes it varies by state. host: and how are the programs funded? guest: by payroll taxes. you pay payroll taxes to the state and federal government. it does to a federal trust, and state administers the program and the money goes to the unemployed. host: talk about qualification for unemployment insurance. what do people have to me to apply, how are they selected? at guest: generally, you have to have a year of earnings over a certain threshold and you have to be let go from a job. the way the structure works, it is hard to say if you graduate from college and you d
't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably is, but frankly chris christie is looking out for his own political future and it's his only option. new jersey is in a very tight fiscal situation because they have a balanced budget requirement. they can't run deficits the way the federal government can, and this has a huge impact on the state economy. frankly, i think you see more situations in which republican governors are going to be pitted against the republicans in congress because those governors, for example, they want that medicaid money to keep
cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the garrets are over there. got a question either people don't know about the cliff or they believe that the deal will be done. and they that they have fulfilled the nor quist pledge. where were the republicans when they cut taxes from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terrorism world. how about foreign aid and maybe trying to be helpful, i'm sure some of today's
and the fiscal cliff threat. joining us now to talk more about that cliff is mark zandi, reief economist at moody's analytics. mark, is that threat credible? i guess we saw hiring last month, the stock market is hanging in there. what's the feeling on the part i thorporate america? bu well, you know, i think businesses feel like we're going deget a deal. they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends forward into this year because they realize that tax rates on dividends next year will be higher. so they're trying to give their shareholders a break. >> dubois: so that's what tsinesses are doing. what are you seeing on ma n street? >> well, you know, howls
and how congressional leaders plan to handle social security as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's see, a little over $1,200 a month. so maybe it's like $13,000, $14,000 a year. host: and we're talking about retirees. also, though, the disabled. guest: yes, yes. actually we have a fairly wide group of people get social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. it's actually a fairly big social safety net of people who get social security benefits. host: as you mentioned, about 56 million beneficiaries. those retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a
john boehner. finally they get face to face to talk about the fiscal cliff. what they're saying after the unscheduled meeting at the white house. >>> and the divas back this weekend on vh-1. adam lambert is hosting. we'll be joined by mr. lambert straight ahead. you're watching "starting point." we're back in just a moment. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current an
that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat down, had a conversation. a critical development 22 days away from the cliff, which means severe tax hikes and spending cuts unless the two can find a way to compromise. nobody is saying much. but spokesperson says the lines of communication remain open erskin bowles said this. >> you know, they have started to tango now and any time have you two guys in there tangoing, have you a chance to get it done. >> our white house correspondent, brianna keilar, live in washington, d.c. this morning. it doesn't sound like very much. but i guess we're making a lot out of it, a first step. any indication where it goes next? >> we don't know where it goes next. they are saying the lines of communication are open. we're expecting the white house and the speaker's office, they are going to continue talking. we don't know when the
progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle that more than 60 shots were fired and this is new. he was trussed in camo and wearing a mask and to the best of our knowledge, he is still in there somewhere. continuing breaking news coverage after this. ory keeps c. ory keeps c. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana n
different direction from the fiscal cliff and talk more about long-term and medium-term economic realities we face. in your written testimony to this committee, you warned against kicking the can down the road indefinitely because of the adverse effect that might have on the economy. the medium and long-term impact it might have. i thought your analysis was definitely something we need to pay attention to. as you observed in the failure to make progress in this area now could signal that we have bigger troubles ahead. the moody's analytics model that you used breaks down about 2028. the reason it does that because at that point, the interest on our national debt will start to cripple our economy. we will be left without much recourse. i'm not sure there is a tax increase on the planet that could suddenly fix that. i'm not sure we could print money fast enough. if we did, we would go the way of argentina. i tend to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanc
carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop them from finding ways to get around it. jenna: talking a little bit about taxes there. my next guest has written extensively about milton freidman. we wanted to ask him, what would milton do, one of the greatest economists. nobel peace prize winning economist. we have the author of the inch dense pensable milton freidman. what would he think about all of this. >> great to be with you. i'm sure if milton freidm
sentences of st. a live report coming up. >> talks are continuing as the fiscal cliff approaches. did tell on the president's private meeting with house speaker john boehner. was to be another gorgeous day. >> good morning and the gorgeous day we are talking mid to upper 60s. it will be short-lived. tickets will be cooler into tomorrow. temperatures mainly in the 40's. we could see forties' as we approach sunrise. later today mainly sunny skies a clear day for everyone. later tonight we will stick with the clear conditions we do have changes to talk about in the form of wet weather. what to expect coming up in my next report. >> here is a live look from the bay bridge toll plaza we do have a spa reported west mounted the pay date is not showing up in a live shot. it is not calling a back up. traffic moving well is as ever to go out oakland. weston 10 minutes for a total dry time. east bay traffic light no problem on the peninsula. will check on traffic coming up in just a bit. >> thank you robyn. >> and developing story we're following the man was dead. he and norman were found bound and g
stability in several markets but there's talk about limiting mortgage deductions with the fiscal cliff negotiations sometime next year. couldn't that impact the recovery? >> it could. obviously it might be relegated to more affluent households in terms on of the ability to do a deduction either in full or part. tend of the day there's a large household informq.rjz that's occur that's going to drive perspective homeowners into the market regardless. >> tom: let's get to the pic3sb here. you do like housing stocks with the home builders etf. what do you anticipate. they've had a nice run already. >> they've been terrific. >> tom: put new money to work. >> they've doubled or better and yes we would. they may be subject to profit taking but nonetheless we still think we're in the early innings of the house recovery. >> tom: you also like technology. is this a play on your business investment expectations for next year. >> it is, if business wallets open up we expect the destination for some of that money to go towardsxd more productive enhancing tools and they've been under investing in
they know is wrong. as you know, they talk about the fiscal cliff. some people say it's a slope. somebody said it was a bungi jump. somebody said it was a skate board trip, down and then up and so forth. bottom line, i think, it's no way to govern. it is a giant mistake to have all of this in a pool of ambiguity, and as i understand it now, you would know more. i mean, it truly is a stalemate. they are not talking. >> now, you point out that it's the same player, and, i think, you'll agree player that is matter most are the president, speaker boehner. what do we know about the personal relationship that might illuminate what's going on right now? >> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtr
and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it mean to be recognized by the u.s.? "the u.s. administration has big influence globally" he told us. "a ste
of the hour there he is. what fiscal cliff? congress apparently would rather talk about elvis. frankly, i would, too. tell you that story coming up. ♪ everybody let's rock. r stayin? yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. and he has already killed tens of thousands bashar assad is ramping up chemical arsenal. dick cheney says the white house doesn't care. >> the president can make bold statements and bold talk as he did in the last couple of days about developments in syria. but i don't think they care. >> more from the former v.p. coming up. >> plus, it's the most watched video on the internet and set to perform for the president. wait until you hear what he said about our soldiers gangnam style. >> "fox & friends" hour three starts right now. >> >> welcome into "f
brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> rep
. we're talking about the so called "fiscal cliff" and our cameras have been covering all the events here in washington as both sides tried to negotiate their argument with. if you go to our web site, c- span.org, we have a special web pages at a side on the fiscal cliff and you can also send in your tweets. we will go to payton next in london, kentucky, a democrat. caller: thank you. i am one of the original baby boomers. i live in one of the poorest areas in the country, which is also heavily republican area of the country. i have always felt [indiscernible]. host: we are losing you. caller: this constant living curtailment from the republicans is a shameful way to protect the rich. host: we will leave it there. guest: he's right. our previous caller talked about he and his wife with a total income of $14,000 a year on social security, so he's right. he's not throwing money around. if you start to limit the cost of living to keep up with expenses, such as higher gas, higher rents, higher medical care,, and that makes it pretty tough. host: what are democrats willing to compromise o
hard to fire these people. 92 indeed. talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over
for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying
and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going on with negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> they're not really talking right now. that's what's most incredible. there were speeches all week long. lot of ads on television. less than an hour of negotiations. one-hour phone call between to president obama and house speaker boehner. democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that resolved by december 31st. >> could the republicans giv
with that darn fiscal cliff deadline looming, three weeks away, our political leaders getting absolutely nowhere -- >> buy buy buy! >> sell sell sell! >> it doesn't mean we stop searching for opportunities to make money. even in the most dismal markets there are always stocks that have the ability to go higher. just got to find them. takes a lot of work. one i've been doing a lot of work on, it's called dst systems. dog sam tom. now, dst is not a great business. hmm. but i think it could be a terrific stock. the reason? i see number signs suggesting that dst could be preparing itself for a sale. and if not, it sure as heck should be. but even if dst doesn't get bought out, it has a fabulous story. it's a tale that we've repeated over and over again. it's one that's made big money in a number of stocks for us. see, dst, which is just a terrible name for a company, but that's what they call themselves, is a company where the whole is currently worth a lot less than the parts. now, in recent months dst has started to get aggressive about selling off those parts in order to unlock this hidden value.
at citi.com/pricerewind. >>> washington has gone silent over the fiscal cliff. most of our lawmakers have headed home. the left and the right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> it's not one of my favorite teams but it's really, really fun to watch and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow. he's a guy named mcelroy. he can't decide who their quarterback is going to be. that's the same problem of the republicans. >> wow. if you don't live in new york or follow football, the new york jets are a nfl team that is currently plagued by horrible things. embarrassing losses, infights and culminated the butt fumble on thanksgiving of sanchez. it -- yeah. it shows how grim it is for the new york jets since it's synonymous with infighting. the hometown paper slammed
in the state. but in terms of congress, so we'll see. immigration reform, once they get through the fiscal cliff by all wantch objects there could be movement on that in the new year. >> schieffer: all right. we're going to take a break right here and when we come back we'll talk about all this and some other stuff going on in washington. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> schieffer: we're back now with our panel. joe klein let's get back to something else that happened this week in the senate that shows this is kind of a different place than it once was and i talked about this in my comment
boehner could be off to a fresh start in their efforts to avoid the looming fiscal cliff. the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on the verge of releasing chemical weapons against its own people. allies want assad to step down to prevent bloodshed. russia is syria's strongest ally. so support for any plan is critical. >>> search and rescue teams are still finding survivors two days after a powerful typhoon bopha struck the southern philippines, but the death toll has climbed beyond 375, and hundreds of people are still missing there. survivors include a 3-year-old child pulled from under a crumbled house and a man who lived for two days eating no
spending in washington and finally address the problem. >> as we continue to try to solve the fiscal cliff, the thing week of always continued to look at is our economy. wanting it to continue to grow. today in the whip's office we'll have small family-owned businesses in there talking about ways that we can protect the family business, continue to grow, while at the same time make sure we solve this fiscal cliff. look, each and every day, as we walk the halls, you continue to ask questions. you want the answers solving the fiscal cliff. we put an answer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you an answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> at these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. and under this administration, under president obama, we have seen record deficits and a r
Search Results 0 to 43 of about 44 (some duplicates have been removed)